Business Decision Making Essay Example | Topics and Well Written Essays - 500 words

Business Decision Making - Essay Example Statistically speaking, there are two types of hypothesis namely, the null and the alternative hypotheses. During a statistical test, the null hypothesis is tested against the alternative hypothesis. It should be noted that "null" means nothing and that null hypothesis means that nothing is present (Hyperstat Online 2008). Statistical tests are conducted in order to test the viability of the null hypothesis. On the other hand, the alternative hypothesis is an alternative hypothesis which can be assumed if the null hypothesis is rejected. In the case of snack foods, hypothesis testing can be used in order to make business decisions. For example, the company is deciding whether to launch a healthier brand of corn chips to target weight watchers. After an intensive and extensive data gathering, the company wants to test if the introduction will have an impact in their current market share of 35%. Thus, they will need to conduct either one or two tailed test. A one-tailed test looks for an increase or decrease in the parameter under consideration while a two-tailed test looks for any change in the parameter. We will illustrate this further by applying the five steps in hypothesis testing. The first step in hypothesis testing is stating the null hypothesis. For both one and two tailed test, the null hypothesis that the market share will remain 35% can be stated as Ho: x = 36%.

Would implementing groupware in our organization be more trouble than Essay

Would implementing groupware in our organization be more trouble than it would be worth - Essay Example Today’s work environments are nothing but groups of individuals working together to put together intelligent and complex systems and increased flexibility is one concern they all face in terms of communication of team goals, progress and even support on projects. Enterprise-wide softwares are becoming popular to enable the smooth working between the different groups within the organization, even the branches spread across the globe. Without these intelligent softwares, the work becomes time-consuming, complex and inefficient in relatively bigger projects. Even a small enterprise usually has different groups working on various projects and need to communicate for efficient teamwork. Then there are the different departments that need to share information and monitor the processes of the organization. As Coleman (1993, pp 31) notes House’s observations, â€Å"new enterprises use information technology as a strategic advantage and further exploit faster, better, less expensive access to critical information. And Groupware solutions based upon advanced communications and computing technologies are emerging to make this possible†. Groupware is nothing but a collaborative software used by the teams to â€Å"work on the same application or system† (Tech-FAQ, 2009). Groupware systems are â€Å"classified according to time-space matrix or the 3C model† (Borghoff, Schlichtzer, 2000, pp118). However, the use of this high-end technology depends on the comfort level of the user to efficiently utilize it to the full pote ntial. Given the exposure to various kinds of enterprise-wide softwares for almost every kind of work in the field of information technology, there is little doubt that the employees of a team would find communication using these groupwares difficult. On the contrary, using groupware in organization enables uniformity in process and workflow, improves access to information, speeds-up the business processes, enables uniformity in